X0306 4 2022-05-25 0001675033 Great Elm Capital Corp. GECC 0001458693 Drapkin Matthew A C/O GREAT ELM CAPITAL CORP. 800 SOUTH STREET, SUITE 230 WALTHAM MA 02453 true Common Stock 2022-05-25 4 P 0 946 12.4136 A 49140 I See Footnote Common Stock 2022-05-25 4 P 0 1597 12.4136 A 48932 I See Footnote Common Stock 2022-05-25 4 P 0 4793 12.4136 A 136399 I See Footnote Common Stock 1617 D Represents shares of common stock purchased by Northern Right Capital Management, L.P., a Texas limited partnership ("Northern Right Management"), on behalf of separate managed accounts on behalf of an investment advisory client (the "Managed Accounts"). Represents shares of common stock held directly by NRC Partners I, L.P. ("NRC Partners"). Represents shares of common stock held directly by Northern Right Capital (QP), L.P., a Texas limited partnership ("Northern Right QP"). As general partner and investment manager of NRC Partners and Northern Right QP, Northern Right Management may be deemed to be the beneficial owner of the shares of common stock held by NRC Partners and Northern Right QP. As the investment manager of the Managed Accounts, Northern Right Management may also be deemed to be the beneficial owner of the shares of common stock held by the Managed Accounts. As general partner of Northern Right Management, BC Advisors, LLC, a Texas limited liability company ("BCA") may be deemed to be the beneficial owner of the shares of common stock beneficially owned (or deemed beneficially owned) by Northern Right Management. As the managing member of BCA, the Reporting Person may be deemed to be the beneficial owner of the shares of common stock beneficially owned (or deemed beneficially owned) by BCA. (continued from footnote 4) The Reporting Person disclaims such beneficial ownership of the shares of common stock indirectly owned through his position with BCA, except to the extent of his pecuniary interest therein. /s/ Adam M. Kleinman, attorney-in-fact 2022-05-27